For Grab co-founder, social impact is as important as profits

Tan Hooi Ling stresses 'double bottom line' as startups face post-WeWork pressure

20191029 Interview Grab co-founder Tan Hooi Ling

Grab co-founder Tan Hooi Ling tells the Nikkei Asian Review about the company's efforts to balance social contributions with a push for profits. (Photo by Shihoko Nakaoka)

SHOTARO TANI, Nikkei staff writer

TOKYO -- Singapore's Grab is well-aware of the growing pressure on global startups to turn a profit, but the ride hailer turned do-it-all super app believes making a positive social impact is just as crucial, co-founder Tan Hooi Ling said in an interview on Oct. 29.

From the get-go, Grab embraced the principle of a "double bottom line," Tan said -- a concept that tries to measure conventional earnings as well as the social contributions a company makes.

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